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Trading Platform Company IG Group Joins In Halting Of New Trades in GameStop, AMC

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Trading Platform Company IG Group Joins In Halting Of New Trades in GameStop, AMC

London-based trading platform operator IG Group Holdings Plc said today that it will halt all new positions in GameStop Corp. (NYSE: GME) and AMC Entertainment Holdings Inc. (NYSE: AMC).

What Happened: The company announced this today in a tweet, citing "extreme volatility."

Why It Matters: IG is the latest platform to use these restrictions.

Robinhood did so on Thursday and immediately got hit with blowback far and wide. This forced it to have to explain in a blog post last night that its decision had to do with avoiding a breach of its deposit requirements with clearinghouses — not part of a conspiracy to soak everyday traders at the behest of powerful Wall Street interests.

Photo by Jon Tyson on Unsplash.

 

 

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